The next time the right comes to you or on here and preaches that the tax burden is so unfair, and they are the only ones who pay taxes, the poor old dears, here are a few facts for them to munch on.
1. The Republicans are the ones who set up the earned income credit-Nixon was the first to propose something similar, and Ford signed it in.
http://www.caseygrants.org/documents/re ... _Paper.pdf
http://opinion.latimes.com/opinionla/
"I'm not sure where the outrage lies in all this information, although some GOP presidential candidates are certainly trying to find some. If the working poor are getting too sweet a deal, blame Republicans -- President Nixon came up with the idea of the earned income tax credit, President Ford signed it into law and President Reagan championed it as "the best anti-poverty, the best pro-family, the best job-creation measure to come out of Congress." And good luck convincing the elderly that they should be paying more of their fixed income to the feds"
http://opinion.latimes.com/opinionla/
"According to the report, half the people who pay no income taxes do so because they simply don't make enough money. The tax cuts pushed by President George W. Bush explain part of this phenomenon: They raised the standard deduction for married couples and the tax credit available for each dependent child. The "Making Work Pay" tax credit included in Obama's stimulus package in 2009 also increased the number of lower-income workers with no income tax liability, but only temporarily; the credit expired at the end of 2010."
Also., the Bus tax cuts help ensure that the tax burden was lifted on millions of Americans because they raised the standard deductions for married couples.
So, you see, the Republicans are mostly the ones that see to it that millions pay no income taxes, it is not the Democrats. Kind of puts new spin on things.
'
1. The Republicans are the ones who set up the earned income credit-Nixon was the first to propose something similar, and Ford signed it in.
http://www.caseygrants.org/documents/re ... _Paper.pdf
http://opinion.latimes.com/opinionla/
"I'm not sure where the outrage lies in all this information, although some GOP presidential candidates are certainly trying to find some. If the working poor are getting too sweet a deal, blame Republicans -- President Nixon came up with the idea of the earned income tax credit, President Ford signed it into law and President Reagan championed it as "the best anti-poverty, the best pro-family, the best job-creation measure to come out of Congress." And good luck convincing the elderly that they should be paying more of their fixed income to the feds"
http://opinion.latimes.com/opinionla/
"According to the report, half the people who pay no income taxes do so because they simply don't make enough money. The tax cuts pushed by President George W. Bush explain part of this phenomenon: They raised the standard deduction for married couples and the tax credit available for each dependent child. The "Making Work Pay" tax credit included in Obama's stimulus package in 2009 also increased the number of lower-income workers with no income tax liability, but only temporarily; the credit expired at the end of 2010."
Also., the Bus tax cuts help ensure that the tax burden was lifted on millions of Americans because they raised the standard deductions for married couples.
So, you see, the Republicans are mostly the ones that see to it that millions pay no income taxes, it is not the Democrats. Kind of puts new spin on things.
'
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